Chinese plate exporters have started to accept lower prices to boost sales following a period of thin trading.
Fastmarkets MB's export price assessment for May shipments of Chinese commercial-grade, chromium-added plate was $545-550 per tonne fob for the week ended Tuesday March 19, narrowing downward from $545-555 per tonne fob a week earlier.A cargo consisting of 2,000 tonnes of plate was sold to buyers in South America last week at a base price of $550 per tonne fob. The product is from a mill in...